HomeMy WebLinkAboutRDA HOTEL FEASIBILITY 01-20-86 Inter- Com
DATE: JANUARY 20, 1986
TO:
FROM:
SUBJECT:
HONORABLE CHAIRNAN AND REDEYELOPNENT AGENCY PiENBERS
CORRUNITY DEVELOPMENT DEPARTlq£NT
HOTEL FEASIBILITY MARKET STUDY
RECOI~IENDED ACTION:
That the Agency participate with the city in the preparation of a hotel
feasibility market study and fund two-thirds ($17,500.00) of the contract cost.
DISCUSSIOM:
The city desires to have prepared a hotel feasibility study as detailed under
Item XI New Business on the City Council's January 20, 1986 agenda. Portions of
the area to be included in the study are'located within the Town Center and
South/Central Redevelopment project areas. Therefore, staff proposes the cost
for said study be split equally between the city general fund, South/Central and
Town Center Redevelopment accounts.
Dl~e cDt~rO ' o ~AcMoM~-mu n i~y Development
DDL:do